Burnaby mountain condos selling on average 3% above list price in May

Posted on Jun 15, 2018 in

The Burnaby mountain SFU condo and townhouse real estate market remained one of the best neighbourhoods in Burnaby to be selling. The overall list to sales ratio was 80%, with 20 listings and 16 sales, which means upwards pressure on prices for most homes.

Here’s the breakdown for condos and town homes in Burnaby in May:

Overall Burnaby is in a Seller’s market with a 48% list to sales ratioThe most active price range was for homes between $600K to $700KCondos & townhomes are selling on average 3% above list price.

Buyer’s Best Bet: Homes between $1M to $1.25M, in Vancouver Heights and up to 3 bedroom properties

Seller’s Best Bet: Selling Homes in SFU, Gov’t Road, and Sullivan Heights and up to 1 bedroom properties.

Burnaby condo & townhome inventory has risen now for the 6th month straight, and total sales & benchmark prices rose slightly over April.

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This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy - Listing data updated on November 19, 2018.